Row over Ribble Valley Borough Council's banking and investment choices - as Green Party highlights Which? report into UK banks which are invested in the fossil fuel industry'
Ribble Valley Council’s bank and investment arrangements should be reviewed regarding banks links to fossil fuel industries, a Green Party councillor has said.
Regarding returns from investments, Ribble Valley Council generated almost £224,000 during the April to May period this year, compared to £161,00 for the same period in 2023 when interest rates were lower. The council report also listed the latest credit ratings for banks and building societies. Fitch credit ratings are used to show the probability of organisations defaulting on council investments.
Coun Peplow said HSBC provided $144.93billion in fossil fuel financing between 2016-22, according to the report by Which? He added: “I would like to see us, as a council, thinking long and hard about our service providers and suppliers. Although Lloyds and NatWest are not whiter-than-white, their investment in fossil fuel is massively lower.
The treasury report said banks are reviewed annually to consider their long-term and short-term credit ratings. Ribble Valley Council has a policy to only use institutions with a short-term Fitch rating of F2 or above. The banks on its approved list meeting this requirement at May this year were Santander, Barclays, Bank of Scotland, HSBC Lloyds, NatWest and Royal Bank of Scotland. They all had F1 ratings except HSBC, which had a higher F1+.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Whalley: Ribble Valley beauty spot is wild west with booze touristsLocals in a pretty Lancashire village say there are too many bars attracting rowdy visitors.
Weiterlesen »
New Ribble Valley outdoor events space plans to be drawn upTowneley Garden in Longridge is the location for the proposed space and will be supported by government cash
Weiterlesen »
Ribble Valley general election candidates to clash in five-way Ribchester hustingsThe Ribble Valley has seen major boundary changes for this election. Pic credit: Blog Preston. Candidates battling it out to be the next MP of the Ribble Va
Weiterlesen »
Urgent 'call 999' over missing woman not seen for two weeksElaine Scott was last seen at the Co-Op store in Dutton on May 27 and has links to Longridge, Clitheroe, the Ribble Valley and Lytham
Weiterlesen »
Urgent 'call 999' appeal over missing woman not seen for two weeksElaine Scott was last seen at the Co-Op store in Dutton on May 27 and has links to Longridge, Clitheroe, the Ribble Valley and Lytham
Weiterlesen »
General election guide: all the Preston, South Ribble, Chorley, Wyre, Ribble Valley and other Lancashire candidates, boundary changes and the current state of playWith less than a month to go before polling day, nominations have closed for candidates wishing to stand and the final list of hopefuls has been published for each of Lancashire's 15 constituencies.
Weiterlesen »